What is your emotional money assessment? Suze Ormans ask 20 to determine whether you have control over your money or whether it has control over you

Do your emotions carry your financial decisions – or do you stay calm and calculated, no matter what happens on the market or on your bank account? According to Personal Finance Expert Suze OrmanUnderstanding the emotional side of the money is one of the most powerful steps that you can take for long -term financial security.

In a recent sequence of her “Women & Money” podcast, Orman placed the audience in the “emotional money score”, a tool for self -assessment with which people influence their financial decisions.

Uran has long emphasized that fear, shame and anger are internal obstacles that can sabotage the financial success. These feelings can cause impulsive decisions – how to spend money that you do not have or to avoid invoices from anxiety. Even the best financial plan can fall apart if the emotions take the driver's seat.

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She reminds the listeners: “Money alone is not the key to true financial freedom … It is your way of thinking, her emotions and your willingness to face the truth.”

To help the audience to get better under control of their emotional habits in terms of money, Orman presented a 20-question quiz. Each question gives you four options – A, B, C or D -, whereby each letter represents a different emotional reaction to a common financial situation – e.g.

As soon as you have answered all 20 questions, each answer points points:

A = 3 points

B = 1 point

C = 0 points

D = 2 points

Then take your points to calculate your emotional money assessment.

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Choose the answer that best reflects your current habits or feelings:

1. What emotions do you feel most often when you think about your finances?
   A. Quiet and control
   B. anxious or fearful
   C. indifferent or avoiding
   D. excited, but sometimes impulsive

2. How do you react when the stock exchange sinks or the economy implodes when you implode?
   A. I don't panic and panic
   B. I'm worried and consider it to make hasty changes
   C. I ignore it and hope for the best
   D. I feel in a hurry and want to act quickly

3. What is your process if you want to make a big purchase?
   A. I rate whether it is a need or wish and act accordingly
   B. I often only buy it to feel better and then regret it
   C. I avoid thinking about it until the last minute
   D. I buy first and find out the consequences later

4. Do you have an emergency fund?
   A. Yes, and I regularly contribute to it
   B. I do it, but it is far from what I know I need me
   C. No, I keep hesitation
   D. I only save if I'm financially afraid

5. How do you feel about money with beloved people?
   A. comfortable and open
   B. nervous or ashamed
   C. I avoid it
   D. I dominate the conversation or use money to impress others

6. If you experience a financial setback, what is your first answer?
   A. I calmly judge the situation and create a plan
   B. I panic and feel overwhelmed
   C. I ignore it and hope that it will solve itself
   D. I accuse myself or others and act impulsively

7. Do you think more money would solve your problems?
   A. No, I know that happiness and security come from the inside
   B. Yes, I often think more money would repair everything
   C. I don't know. I avoid thinking about it
   D. Sometimes, but I also know that I have to change my habits

8. How do you feel when you see that others spend money on things you want, but you can't afford?
   A. I am happy for you and satisfied with my own decisions
   B. I am jealous or annoying
   C. I'm not trying to think about it
   D. Sometimes I only have very much to keep up

9. If you receive unexpected money like a bonus, a gift or a tax refund, what is your first instinct?
   A. Save or invest it
   B. Spend it quickly
   C. Let it sit, not sure what to do
   D. Treat me and then take care of the rest

10. How do you approach financial goals?
    A. I set clear, realistic goals and pursued my progress
    B. I set goals, but rarely do I follow through
    C. I avoid setting goals because it feels overwhelming
    D. I set ambitious goals, but distracted it from new wishes

11. If you make a financial mistake, how do you deal with it?
    A. I learn from it and adapt my behavior
    B. I live on it and feel guilty
    C. I ignore it and hope it goes away
    D. I accuse myself hard or repeat the error

12. How high is your attitude to debt?
    A. I avoid it or pay it quickly
    B. I'm anxious or ashamed of it
    C. I ignore it and hope it won't catch up with me
    D. I use debts to get what I want now and worry later

13. How often do you check your bank accounts or your credit union accounts or money account credit?
    A. regularly as part of my routine
    B. only if I am worried
    C. Rare or never
    D. If I want to spend in your desire or for a splurge

14. How do you think about your current savings for retirement?
    A. I am confident and on the right track
    B. I'm worried because I fall back
    C. I don't know how much I have
    D. I want to start again and again, but not

15. If you receive an invoice or a financial report, how do you react?
    A. I open and check it immediately
    B. I feel anxious, but open it at some point
    C. I avoid opening it as long as possible
    D. I ignore it until there is a problem

16. How do you make decisions about the loan or do you give money to a friend or family member?
    A. I set clear limits and stick to them
    B. I feel guilty of saying no
    C. I avoid the conversation
    D. I often say yes, even if I shouldn't

17. How do you think about the negotiation of your salary?
    A. confident and assertive
    B. nervous, but try it anyway
    C. I avoid it
    D. I become aggressive or emotional

18. If you have lost your job tomorrow, how would you handle financially and emotionally?
    A. I have a plan and would stay calm
    B. I would panic, but try to find out
    C. I would feel lost and overwhelmed
    D. I would blame myself or others and act impulsively

19. How do you react if someone offers you financial advice?
    A. open -minded and ready to learn
    B. defensive or embarrassed
    C. I got the conversation or I avoid
    D. I get argumentative or repellent

20. What is your general feeling in your financial future?
    A. hopeful and proactive
    B. worried, but tries to improve
    C. unsafe and avoiding
    D. optimistic, but sometimes unrealistic